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FHT portfolio rejuvenation efforts kick off: DBS

Chloe Lim
Chloe Lim12/7/2021 2:37 PM GMT+08  • 2 min read
FHT portfolio rejuvenation efforts kick off: DBS
DBS Group Research analysts Geraldine Wong and Derek Tan maintain a “buy” rating on Frasers Hospitality Trust (FHT).
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DBS Group Research analysts Geraldine Wong and Derek Tan maintain a “buy” rating on Frasers Hospitality Trust (FHT) with an unchanged target price of 65 cents.

FHT continues to look attractive from a valuation standpoint at 0.7 times price-to-net asset value ( P/NAV) on pandemic level valuations or -1 standard deviation from its historical trading range.

“We estimate a 136% y-o-y growth in dividends-per-share on a low base in FY2021,” say Wong and Tan.

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